Profit Sharing · DOL Form 5500 · 2024
Sheet Metal Workers Local No 58 Retirement Fund Profit Sharing Plan
Data updated 2026-08-06
- $14M
- Total assets
- 212
- Participants
- 63rd
- Percentile by assets
- $67,669
- Avg per participant
Official DOL plan name: Sheet Metal Workers Local No 58 Retirement Plan · Sponsored by Sheet Metal Workers Local No 58 Retirement Fund · New York · Construction
$14M in assets, 212 participants
Sheet Metal Workers Local No 58 Retirement Fund's Sheet Metal Workers Local No 58 Retirement Plan reported $14M in total assets and 212 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 63rd percentile by assets (of 116,472 plans)
Coverage in New York
Sheet Metal Workers Local No 58 Retirement Plan covers 212 participants in New York, about 27% of the average New York filer (state average ~795 per filing). Assets: $14M.
- $14M
- total plan assets (2024 EOY)
- 212
- covered participants
- 63rd
- percentile by assets (of 116,472 plans)
- $67,669
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sheet Metal Workers Local No 58 Retirement Plan reported net income fell from $2M in the plan year 2023 filing to $798K in the plan year 2024 filing.
- Sheet Metal Workers Local No 58 Retirement Plan end-of-year assets rose from $14M in the plan year 2023 filing to $14M in the plan year 2024 filing.
Participants vs New York filers
In New York, the average filing covers about 795 participants across 8,491 plans. Sheet Metal Workers Local No 58 Retirement Plan reports 212 participants - about 27% of that state average ($14M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | $798K |
| Employer EIN | 161188938 |
| Plan Effective Date | 1981-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Local No 58 Retirement Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 220 | $12M |
| 2023 | 1 | 212 | $14M |
| 2024 | 1 | 212 | $14M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers Local No 58 Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
- The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
- Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
- Mason Tenders District Council Annuity Fund $944M · 11,824
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sheet Metal Workers Local No 58 Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Sheet Metal Workers Local No 58 Retirement Plan assets move in 2024? ▼
How have Sheet Metal Workers Local No 58 Retirement Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Sheet Metal Workers Local No 58 Retirement Plan? ▼
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Filing takeaways
Ways to act on Sheet Metal Workers Local No 58 Retirement Plan's numbers.
- By total assets, Sheet Metal Workers Local No 58 Retirement Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Sheet Metal Workers Local No 58 Retirement Fund's sponsor-wide assets have grown 21.5% since 2022 across 3 plan years on file. More Construction plans
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 161188938.
Read our methodology - how this data is sourced, computed, and verified.